Market Reports

May 2012 Honolulu Condominium Market Report: Koolani

May 2012 Honolulu Condominium Market Report: Koolani

By Michael Zimmerman | Published: May 16, 2012

Koolani Condominium 1177 Queen Street, Honolulu, HI 96814 Built:  2006 The chart above shows the number of sales recorded each month vs. the number of apartments available for sale at the end of the month.  In the last six months, Koolani averaged just over one sale per month.  At that pace, it will take nine months to sell the 12 apartments on the market. Apartments currently available Schools Elementary School:  Kaahumanu Middle School:  Central High School:  McKinley Features Conveniently located one block from the Ala … Continue reading May 2012 Honolulu Condominium Market Report: Koolani

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Corvallis one of 10 Markets in the US to expect double digit gains

By asievert | Published: May 9, 2012

CNN Money names Corvallis OR one of 10 nationwide markets to expect double digit gains! We knew for a while that we hit bottom and were back, seeing multiple offers and above asking sales prices. Now what we felt is supported by data. In the market for a home here? Give me a call, mortgage rates are at record lows, what are you waiting for ? http://money.cnn.com/2012/05/09/real_estate/home-prices/index.htm  

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CNN Money predicts Corvallis RE to gain nearly 10% , great recovery

CNN Money predicts Corvallis RE to gain nearly 10% , great recovery

By asievert | Published: May 9, 2012

According to CNN Money, the  Corvallis RE market has lost in average about 12.4% during the 2011/2012. It now predicts a near 10% gain 2012-2013. That would mean a near complete recovery..     Corvallis, OR Metropolitan Statistical Area Forecast change: second quarter, 2011 – second quarter, 2012 +3% Forecast change: second quarter, 2012 – second quarter, 2013 +9.9%   Market fundamentals Median Family Income (Fourth quarter 2011) $77,800 Median Home Price (Fourth quarter 2011) N/A Change in Home Prices (From fourth … Continue reading CNN Money predicts Corvallis RE to gain nearly 10% , great recovery

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You never get a 2nd chance of 1st impression

You never get a 2nd chance of 1st impression

By asievert | Published: May 8, 2012

What 1st impression does your property make when a buyer approaches and / or enters? Does he see nice landscaping, a mowed lawn,  clean entrance door? Or did your kids not pick up the toys last night and the dog tried to enter, leaving marks on the door? The very first impression your home makes is the same as a person smiling at you for the first time. If she has a front tooth missing and has some spinach between … Continue reading You never get a 2nd chance of 1st impression

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Honolulu Real Estate Statistics: April 2012

By Michael Zimmerman | Published: May 7, 2012

The Honolulu Board of REALTORS® released the April 2012 residential resales statistics.  According to the analysis conducted by the Board, using data collected from its computerized Multiple Listing Service (MLS) system, the statistics are: Single Family Home Resales   Number of Sales Compared to Prior Year Median* Sales Price Compared to Prior Year April 2012 217 -5.2% $600,000 +2.6% April 2011 229   $585,000             Condominium Resales   Number of Sales Compared to Prior Year Median* … Continue reading Honolulu Real Estate Statistics: April 2012

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FHA financing: Credits may ruin your deal!

FHA financing: Credits may ruin your deal!

By asievert | Published: May 6, 2012

Ok, this is a bit technical BUT ABSOLUTELY CRUCIAL TO KNOW when you have FHA financing and are eligible to grants in addition to credits from your seller (closing cost, prepaids….) If you finance with 3.5% down and you get too much money from outside in addition (credits, grants) it might ruin your closing, even last minute, if there is a seller’s credit the lender sees too late. If you are not contributing the full 3.5% yourself anymore the bank might … Continue reading FHA financing: Credits may ruin your deal!

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Dos and Don’ts before closing

By asievert | Published: May 5, 2012

You have found the right property, made an offer, got accepted, had an inspection done, agreed on repairs and now you just await closing. So now onto buying some appliances, cabinets, making a down payment on the contractor bill, after all you are ready to get started, right?  That is actually a really bad idea. Banks will run your credit repeatedly right until closing and if you all of a sudden have  $10000 on a store charge card, even if … Continue reading Dos and Don’ts before closing

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Market Report Corvallis OR, Market Absorption April, 2012

By asievert | Published: April 30, 2012

Corvallis           Price Range Active Listings as of 4/30/2012 Sold Listings Last 6 Mos. Average Sold Per Month Months of Inventory Av. Days on Market Solds $0 – $99,999 0 0 0.00 * * $100,000 – $149,999 3 5 0.83 3.60 246 $150,000 – $199,999  25 25 4.17 6.00 92 $200,000 – $249,999 37 67 11.17 3.31 116 $250,000 – $299,999 29 30 5.00 5.80 117 $300,000 – $349,999 22 19 3.17 6.95 204 $350,000 – … Continue reading Market Report Corvallis OR, Market Absorption April, 2012

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Market Report: Market Absorption North Albany OR April 2012

By asievert | Published: April 30, 2012

    North Albany (Benton County)         Price Range Active Listings as of 4/30/2012 Sold Listings Last 6 Months Average Sold Per Month Months of Inventory Av. Days on Market Solds $0 – $99,999 1 0 0.00 * * $100,000 – $149,999 2 6 1.00 2.00 123 $150,000 – $199,999  14 13 2.17 6.46 116 $200,000 – $249,999 12 16 2.67 4.50 170 $250,000 – $299,999 12 7 1.17 10.29 85 $300,000 – $349,999 6 0 0.00 … Continue reading Market Report: Market Absorption North Albany OR April 2012

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Market Reports: Market Absorption Albany OR Linn County

By asievert | Published: April 30, 2012

Albany (Linn County)         Price Range Active Listings as of 4/30/2012 Sold Listings Last 6 Months Average Sold Per Month Months of Inventory Av. Days on Market Solds $0 – $99,999 32 27 4.50 7.11 144 $100,000 – $149,999 57 71 11.83 4.82 152 $150,000 – $199,999  43 56 9.33 4.61 135 $200,000 – $249,999 36 28 4.67 7.71 170 $250,000 – $299,999 16 2 0.33 48.00 153 $300,000 – $349,999 5 0 0.00 * * $350,000 … Continue reading Market Reports: Market Absorption Albany OR Linn County

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